Govt strikes HC in opposition to order in RIL fuel dispute
MUMBAI : The Centre on Thursday filed a petition difficult a Delhi excessive courtroom order in favour of Reliance Industries Ltd (RIL) relating to a fuel dispute within the Krishna Godavari Basin.
The courtroom has requested RIL to file a response, a counsel conscious of the matter stated. A division bench of the Delhi excessive courtroom has agreed to listen to the matter on 12 February.
The dispute started in 2013, when state-owned Oil and Pure Gasoline Corp. (ONGC) Ltd wrote to the director basic of hydrocarbons, alleging there was proof of ‘lateral continuity’ of fuel swimming pools between the Reliance block and the adjoining blocks allotted to ONGC. This meant that the fuel swimming pools of the Reliance block and the ONGC blocks seemed to be linked with potential migration of fuel between the 2 blocks.
After an impartial guide verified the declare, the ministry sought $1.55 billion from RIL. The corporate went for arbitration, leading to an order favouring it in 2018. In Might, whereas upholding the arbitral tribunal’s 2018 order, an excessive courtroom bench led by Justice Anup Jairam Bhambhani had stated: “…the view taken by the arbitral tribunal is most definitely a potential view which requires no interference.”
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Up to date: 15 Sep 2023, 12:05 AM IST
